Indonesia faces tough bond market

As the rupiah slides, analysts weigh in on Indonesia inc''s health

Last week, Indonesia took some hits from analysts across the region. UBS and Credit Suisse First Boston cut their Indonesian rupiah forecasts, ING told investors to steer clear of the nation's financial assets and JPMorgan told investors to expect more near-term volatility. Indonesia 2005 bears uncomfortably close parallels to the Asian financial crisis of 1997 and 1998, wrote Tim Condon, a Singapore-based ING economist in a research reporter. He added We believe the challenges to rupiah stability posed by...

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